This price spike comes amid heightened enthusiasm over a recently passed proposal to put into place a buyback-and-distribute mechanism
Today, a token from the decentralized exchange (DEX) ORCA on the Solana blockchain has surged more than 60% in value, placing it among the very top daily gainers in the cryptocurrency market.
This price spike comes amid heightened enthusiasm over a recently passed proposal to put into place a buyback-and-distribute mechanism—a financial strategy that seems to be gaining in popularity across many leading DeFi platforms.
Orca's proposal to introduce a buyback-and-
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